Oil fell below $90 in early trading Monday on speculation that spreading financial turmoil will cut demand, and on the gains of the U.S. dollar versus the euro, the Associated Press reported.
October 6, 2008Search
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Delphi Amends Bankruptcy Plan to Recover 39% of Value
Auto parts maker Delphi Corp. unveiled a new reorganization plan, telling unsecured creditors they now will recover 39%, compared with a 100% recovery under the original plan, Bloomberg reported Monday.
October 6, 2008Ryder to Acquire Canadian Firms with Chinese Operations
Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.
October 6, 2008Goldman Sachs Buys Stake in American Traffic Solutions
Goldman Sachs, which recently announced that it will convert into a federally regulated bank holding company, has purchased a minority stake in closely held American Traffic Solutions, a Scottsdale, Ariz., provider of electronic toll payment and video-based traffic enforcement systems.
October 6, 2008TransCore Introduces New Transponder To Work With Electronic Toll Systems
TransCore, a provider of radio-frequency identification devices, introduced a new transponder that is compatible with multiple electronic toll-collection systems.
October 6, 2008Accellos Acquires Prophesy Software
Accellos Inc., Colorado Springs, Colo., a provider of warehousing and logistics management software, said it acquired Prophesy Transportation Software of Bloomfield, Conn., for an undisclosed amount.
October 6, 2008Diesel Drops 8.4¢ to $3.875; Gas Plunges 14.8¢ to $3.484
After a one-week pause in its downward trend last week, diesel resumed its decline, falling 8.4 cents to $3.875 a gallon, the Department of Energy said Monday.
October 7, 2008Qualcomm Offers In-Cab Scanning
Qualcomm Inc. added an in-cab scanning service to its mobile computing system, and launched a new reporting module designed to help carriers monitor how much fuel their drivers are burning, the company said last week.
October 6, 2008YRC to Pay Down $325 Million in Notes from Credit Line
Less-than-truckload carrier YRC Worldwide said Friday it has drawn $325 million from its revolving credit facility to redeem notes due Dec. 1 and May 1.
October 3, 2008ISM Services Index Declines in September
The U.S. economy’s service sector declined but showed expanded in September, the Institute for Supply Management said Friday.
October 3, 2008